₦airaland Forum

Lol

Donbrig:
@DexterousOne, We hope you are the frugal type when it comes to money management. Pls try to minimize your writing space, you are consuming lots of space with over spacing your phrases and sentences in this thread. Why would you prefer a boarding school for your children in Switzerland?

Hmmm lol

oluwaleokey:
Sorry i disagree with you... that amount monthly can only sustain your immediate fam
Once you flex for 4 weekends in a month plus VAT charges from extended family... you go dey "comfor...without the "table"

You are welcome my bro. Hopefully we would strike a good business some day.

DexterousOne:
I learnt a lot from your perspective actually

Thank you very much for sharing

*handshake*

Well I just mentioned an opportunity in farming or agricultural industry where CBN is trying to support . I am sure thier are others . Yet these same youths of Nigeria would complain.

Cyberknight:
You are also not understanding my point.
I did not say that the western world is heaven on earth that works for ALL its people.
Nor did I say that no-one can achieve anything in Nigeria.

My point is that Nigeria fails MOST of its people and hence life is better in developed countries that give more people a better chance.

Okay sah I rest my case.

DexterousOne:
I get your point

I see what you are driving at


And it's good


But also try to understand where people like me and maybe Cyberknight is coming from



There are financial reasons to relocate

And non financial reasons


We are looking at the non financial reasons
It's not about the money for me /us


That's just it


What I have seen some diaspora Nigerian returnees do
(I have some as friends here in Lagos) is to maybe establish a business and the business does well...

Which I applaud

But after that

What next?

The phone wey u dey type ur message na person idea guy i know dey fight u. I dey prefer ideas else na rat race person go dey till person die. My 2cents

Cyberknight:
Indeed.

I look forward to seeing these solutions implemented by those of you who see the solutions.

You till do not get what I am trying to tell you. The USA wey u mention na my backyard here them dey. A lot of poor black Americans are living an awful life even with government intervention , why do u think they go into drugs ? My brother the grass is not always green on the other side. U are to be a solutions provider not problem analyzer. Issues are everywhere. Look for a problem u can solve and boom � find a solution to it. I am aware the government in Nigeria is trying to support SMEs with funds especially in the farming and agricultural industry, take position if u can or if its something that interest who knows we can be business partner exporting food products for our nigerian population here in canada. Think business growth not government or problems.

Cyberknight:
Talking about societal development holistically.
For instance, as someone mentioned above here, he feels uncomfortable being well-off and living in a society where 80% cannot come close to his standard of living.

The extremes in Nigeria are just too great. There are people who have no realistic prospect of ever lifting themselves out of their current conditions, without any education, access to capital or connections.

There is NO social mobility in Nigeria. If one is born poor, the chances of remaining poor are high.
In developed obodo oyibo (not the U.S. oo), there is a lot of social support to enable people change their stories.

Developed societies provide something for everyone, while Nigeria provides nothing. So Nigeria works for few, but definitely not for all.
The Canada you are talking about taxes everyone to provide something for everyone.
Nigerians, who have been bruised and battered so much by a country that provides them nothing can be excused for being content to simply live a decent life without breaking out of the "box" (mindset) you mentioned.

I remember meeting a cousin and some of his friends in Europe at a wedding during Obj's time when there was so much optimism about Naija, and people were discussing porting back. One guy made us laugh when he said he'd love to come, but cannot adjust to carrying fuel in his boot again.

It was a joke, but it summarised all that's wrong with Nigeria.
Some people would rather be comfortable at whatever level they've achieved over there than come and be chasing NEPA and all the other emanations of the dysfunctional country we live in.

It's their choice, but I see why they made it.

The countries you look up to have their issues. Governments in those countries are corrupt too, but the corruption in Nigeria is legendary. If u are thinking of
being rich you shouldn't be thinking of what government does or did not do. Its only the poor that look up to government. Rich people think of how they can solve problems and prefer solutions. Here in Canada dey set up benefits for people that are poor in itself is a scheme to improvish people systematically. But lots of Nigerians stay long on the scheme. Hence they find it hard to think out the box.Oga forget government. Start thinking like someone who can offer something or a solution . Look at Bill gates look at dangote they are solution providers . I have a senior brother back home in Nigeria. He makes crazy legimate money every 4 months. No matter how highly paid I am here in Canada I can not match him even at 100k Canadian dollars per year. Doing business
in canada has its challenges racism etc . Guy I rest my case.

Cyberknight:
I honestly think Nigeria as presently constituted is unfixable.

Avoid lagos by all means. You can try abuja. Once I hit my money target financially I will relocate back to Nigeria.

Nigsrdumb:
Me I'm relocating back to Nigeria. Good luck with your travel aspirations, hope you are still under 30

The audio is on YouTube. [Quote author=PresidentBuhari post=91995488]
Haha i think if you are Nigerian in power, the book is already in you. The book teaches how to be ruthless and crushing your enemy totally.

I would like to read it in detail if anyone has a digital copy, kindly notify me. I read some interesting reviews on the book.[/quote]

I listen to the audio but not too deep. Its a book that can turn you to a small devil
Just like some of our politicians. That book has been read by them over and over again. Thats why they are swift .

maishai:
I will never recommend 48 laws of power to any man that values peace of mind, humanity and loves a good night sleep

1blillon

ahiboilandgas:
Houses are over price in Nigeria ....who can predict the cost of building this

Some lekki properties are overpriced.

Akin3891:
Motivation is key, lately I've been viewing a lot properties in Lekki n my wife will say to me, but you don't have money to buy now, I told her, I'm just dreaming, at least it cost nothing to dream. Hoping to actualize that dream in 5 yrs time

2%

chelseamann:
What's the current TB rate?

Speculator , continue...................

shogbenga:
With 31m naira, I will get 1,937,500 units of Zenith bank @ #16/unit

@#2.5 dividend (because of COVID), that gives #4,843,759 naira annually

With dividend yield @15.6%, capital will be recovered in 6.5 years

I will give u cheque from CBN .

Barrytone:
Come back in next 25years, you might be lucky

Lol

Barrytone:
Come back in next 25years, you might be lucky

I no get 50millon . if Abioilandgas and barrytone and sholapey them fit borrow me sha

XiaoLi:
Update

FGN bond coming up on the 22nd July...3 bonds are re opening while 1 is New issue. Below is the details:

N25,000,000,000 - 12.50% FGN JAN 2026 (10-Yr Re-opening)*
N35,000,000,000 - 12.50% FGN MAR 2035 (15-Yr Re-opening)*
N35,000,000,000 - FGN JUL 2045 (25-Yr New Issue)*
N35,000,000,000 - 12.98% FGN MAR 2050 (30-Yr Re-opening)*

Yield should be around 8-9% for the new issue.

Any investor investing 100M can exit at any time.

Well said my guy.

Barrytone:
I have invite from friends to join ibom golf club but as a village boy it's not worth my time. Ask me what I enjoy doing and not what I should do because my financial status changed. I enjoy everything I am doing now, I am okay with my plans so far and accomplishment of the plans. May I inform you that I meet up my yearly target before March of every year, despite covid, am even targeting my 2021 target. What else should make me change a winning formula. All I need is time and I will achieve my goal. To me, the key is contentment, contentment is meeting your goals and aspirations. I never set goals that are not achievable and don't change targets until the entire process is completed. I still have 12 years for the present financial plan to expire then I can think of something else. Clubs or favours from people are not part of that plan. I stick to my game before I go faint for national assembly when question time come. That prof is a member of several club but I guess his life will never remain the same. Na from club cultism and fraternity go come. Peace of mind is golden and can't be traded. I remain a low life kingpin provided my soul enjoys it.

Then make him no borrow. No emotions should be attached to the issue of money.

ojesymsym:
But you and I know that in a Nigerian setting, collecting collateral from a friend, brother, relations or colleagues is very hard, borrowers come with heavy sweetmouth most of the time.

Lawyer I luagh in yoruba hahahsha. Hmmm him go do case tire.

emmanuelewumi:
You need additional security. You need an agreement to that effect. You might need a lawyer to draw up an agreement, which will be registered and deposited with the nearest high court
.Do you have to go this route?...


Why can't you direct him to the nearest bank or loan him an amount you can decide to write off eg 500k or any amount you are comfortable with

Egungun be careful na express u dey go. The kind BP wey u go get hmmm. If he has a cars worth 15milon bro yes u can collect it as collateral. Or a building with documents in his name fine. My 2 kobo.

Barrytone:
Help a friend, am lendng 10m at 10% to a colleague and am only asking for cheques written on my name for the 3 instalments he wish to pay back. My query is if those cheques are enough security.

Madam share d info here nah make we learn

Sholapey:
Check your email for more info.

And u think at the end of the day prices of cement and cost of building go remain d same abi. i laugh in ibo hahahaha .

Barrytone:
With the interest from bond, you can build that same house since you need a building. Thereby leaving you with the same house and your capital value irrespective

If him no gree deal work away. my thoughts

ukay2:
What of if the owner wants to use the 20M to buy FGN bond to avoid Tennants and Maintenance Stress?

Will he agree with this your deal?

No na only cement and sand i buy, yeye dey smell.

Iogobenz:

You don buy property before so?
Even property developers their max credit duration na 18months,let alone an individual seller.

Thats is why it is called a deal , if he puts the deal forward and they agree terms fine. if not if i were him i will walk away . [quote author=Barrytone post=91891490][/quote]

You cut a deal with d owner pay the owner 10 Millon and spread the installment payment over 5 years. Use the rest 10millon to buy FGN bonds. Over the next 5 years u would av paid up the balance.

Nigsrdumb:
I need some advice my people. This four flat house is selling for 20 mill in bashorun Ibadan.

Rent is 350k, is this a good idea?

U can open an account with investment one or afrinvest or any stockbroking firm. You can do investment yourself. Be mindful of the so called juicy investments from some of the investment houses. Understanding fully what you are getting into. Do not let any one sweet talk you to something u do not understand. There are wolves here acting like sheep's educate yourself thereof. the investment houses can help u get d cscs account at no cost. Educate urself so u can be in charge . My 2cents

Phylife:
Like how much does it cost to have a cscs code/number
? And what is the procedure to getting it?

Wicked account officer

heavenisreal18:
Thanks so much for this advice, it was his account officer that advice he leaves it there that it may rise up again. Thanks for this advice

If you bank with gtb or first bank send them a mail. Requesting you would like to participate in the upcoming coming fgn bonds.

Akin3891:
Thanks. Which of the tenures are you going for and what % do you have in mind to bid for? Are u buying through the bank or stock broking firms, I contacted fbnquest but they couldn't help out, was told that thier bonds start from 200m

Abiloilandgas i beg help as regards, fgn bonds.